Eurozone recorded in April a minimum growth in business activity in three months


In April, business activity in the eurozone grew at the lowest pace in the last 3 months. Research company IHS Markit reported that the corresponding index calculated by its specialists was 51.6 points, rising from 51.5 points in March. Nevertheless, the eurozone consolidated PMI was better than the preliminary estimate of 51.3 points. This was facilitated by increased growth in new orders. At the same time, the service sector demonstrated a slowdown in the growth of activity to 52.8 points from 53.3 points, and the manufacturing sector noted a decrease in business activity for three months in a row. The number of jobs in the private sector continued to grow last month, mainly due to a rise in Germany, Ireland and Spain. The increase in labor costs has led to an increase in operating expenses. The study showed that the level of trust in the service sector was significantly higher than in the manufacturing sector.

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